Day trading guide

Day Trading Guide for September 18, 2020

| Updated on September 17, 2020 Published on September 18, 2020

₹1083 • HDFC Bank

S1

S2

R1

R2

COMMENT

1070

1055

1095

1110

Initiate fresh short positions with a tight stop-loss if the stock reverses down from ₹1,095 levels

₹1010 • Infosys

S1

S2

R1

R2

COMMENT

1000

990

1020

1030

Make use of intra-day dips to buy the stock while maintaining a stiff stop-loss at ₹1,000 levels

₹178 • ITC

S1

S2

R1

R2

COMMENT

176

173

180

183

Consider initiating fresh short positions with a stiff stop-loss if the stock fails to move beyond ₹180 levels

₹73 • ONGC

S1

S2

R1

R2

COMMENT

71

69

76

79

Initiate fresh short positions with a fixed stop-loss only if the stock declines below ₹71 levels

₹2299 • Reliance Ind.

S1

S2

R1

R2

COMMENT

2280

2260

2320

2338

The stock is experiencing selling pressure at higher levels. Go short if it fails to rally above ₹2,320 levels

₹195 • SBI

S1

S2

R1

R2

COMMENT

190

184

200

206

Consider initiating fresh short positions with a tight stop-loss only if the stock slumps below ₹190 leels

₹2460 • TCS

S1

S2

R1

R2

COMMENT

2440

2420

2480

2500

Fresh long positions are recommended with a stiff stop-loss if the stock of TCS advances above ₹2,480 levels

11522 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

11470

11420

11570

11620

Initiate fresh short positions with a tight stop-loss if the contract fails to rally above 11,570 levels

S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on September 18, 2020
This article is closed for comments.
Please Email the Editor